I was looking at this mailer from 2017 and noticed that I mentioned rates going up. Well, we are back to that again. After enjoying historically low rates for the past years, they look to be on the rise again.
Rates are still low, but everytime they tick up, mortgages get just a bit more expensive. The year I purchased my first home rates were at 13.75 percent. If you wanted a home that's just what you had to deal with.
While we aren't anywhere close to those high rates, if you are looking to buy in the near future, get with a loan officer soon. Rates will be ticking up all year so the sooner you get locked in the better.